BIBE-PJ GASOLINE GAME

[SHANEA]

Polls: People staying home in droves this summer

This situation is really hitting tourism hard in difficult-to-reach places such as Marfa in West Texas. I was talking to some friends today who characterized Marfa as dead. It just takes too much gas to get there. Sad stuff.

[SHANEA]

No surprise...

U.S. Stocks Slump as Oil Surges; Dow Average Enters Bear Market.

Crude Rally

rude oil futures rose to a record above $144 a barrel in New York after a U.S. government report showed an unexpected decline in inventories.

Crude oil for August delivery rose 2 percent to $143.74 a barrel in New York after the Energy Department said supplies fell 1.98 million barrels to 299.8 million in the week ended June 27, the lowest since January. Inventories were forecast to rise 500,000 barrels, according to the median of nine estimates in a Bloomberg News survey. The price touched $143.91 today, the highest since futures started trading in 1983. 

www.bloomberg.com

[SHANEA]

Quick Poll for regular unleaded, that's per gallon...  - but still Cheaper than Starbucks... if you can find one still open...

PJ $4.45
Stillwell - 4 something - haven't looked in a while.
Study Butte Fina $4.35
Marathon Shell $4.47 

[SHANEA]

Big Bertha...

[presidio]

Big Bertha...

At least that projected track keeps it away from the Gulf and all the rigs and refineries there.

[SHANEA]

Topped Out?  The Worst is Over?  Back to the ole benchmark of $28.00 USD bbl?

[presidio]

Topped Out?  The Worst is Over?  Back to the ole benchmark of $28.00 USD bbl?

It will be interesting to see what long term effects the announcement of T Boone Pickens has on the oil industry. Probably not much initially, but if he actually starts pulling off his plan, I think you will see some impact.

[mule ears]

It will be interesting to see what long term effects the announcement of T Boone Pickens has on the oil industry. Probably not much initially, but if he actually starts pulling off his plan, I think you will see some impact.

I think that T Boone is probably on to something and has the money to push it a while.  I agree with his statement "a fool with a plan is better than a genius without one"

[SHANEA]

It will be interesting to see what long term effects the announcement of T Boone Pickens has on the oil industry. Probably not much initially, but if he actually starts pulling off his plan, I think you will see some impact.

141.93 today     Do I hear $150!   

Oil majors Chevron and Exxon Mobil rose 2.5% and 2.1%, respectively.

From the BBC

Israel 'ready to act' over Iran
Israel's defence minister hints at his country's readiness to strike Iran, amid rising tensions over Iran's missile tests.

Iran has been accused of doctoring an image from its missile tests

But a similar image, issued by the Associated Press, shows one of the missiles still in its launcher after apparently failing to fire.

The BBC News website's picture editor, Phil Coomes, said: "Having examined the photograph from AFP, it can be seen that parts have been edited, with smoke trails and parts of the foreground being cloned.

"When viewed alongside the version filed by AP, it would seem than an attempt has been made to cover up one of the missile launchers which may have misfired."

Other commanders have threatened to close the Strait of Hormuz, through which a large part of the world's oil flows, and to target the US and its allies around the world if Iran comes under attack.

Interesting to see what the Middle Eastern News services have to say...

NOTE:  These links will link you to foreign domains including Iran.  Thus, by accessing these sites you might be placed on a government watch list...    

  LATEST IRAN NEWS & IRANIAN CULTURE JOURNAL

Tehran Times...

Iran Daily

Saudi Times  Make sure you check out the cartoon...

Israli News

Ynet News

Israel National news

and my favorites...
Al Jazeera

Russian Pravda

St. Petersburg Times

If you want some interesting web search results, try
Russian Yahoo

 

[SHANEA]

I was joking!

Damn!

[SHANEA]

Hello Dolly...

Interesting perspective from the last Dolly...

Oil Rises as Storm Threat in Gulf Shuts 3 Big Mexican Installations Published: August 23, 1996

In trading on the New York Mercantile Exchange yesterday, crude oil for October delivery rose 58 cents, to $22.30 a barrel. September heating oil prices surged 1.5 cents, to 62.48 cents a gallon.

[homerboy2u]

Piedras Negras gas prices:

Premium:  $ 3.18/Gal.

Unleaded: $ 2.77/Gal.

Diesel:     $ 2.16/Gal.

 What do you worry about?...7-8 hours means nothing compared to a rig of gas for your neighborhood. C'mon over.

 No wonder i see more and more gas stations turn to ghost towns with tumbleweeds in Eagle Pass. I have no idea how they are fairing in  Del Rio, on the way to BIBE.

[Casa Grande]

Polls: People staying home in droves this summer

This situation is really hitting tourism hard in difficult-to-reach places such as Marfa in West Texas. I was talking to some friends today who characterized Marfa as dead. It just takes too much gas to get there. Sad stuff.

if people would stop living beyond their means and not run up their personal debt, they won't have to worry so much.....there, I've said it.

Just completed a 4800 mile road trip from SA to Mt. Rushmore, over to Yellowstone, down to Arches, Monument Valley, Phoenix, and then through west Texas via Alpine.  The Most for Regular (85 octane): $4.55 in Blanding, UT; the least: $3.85 in Tuscon, AZ.  Although, we planned to go all the way to Glacier NP, we had to cut it short due to the gas prices.  We spent about $1000 in gas on the trip, as expected. 

[BigBendHiker]

If people would stop living beyond their means and not run up their personal debt, they won't have to worry so much.....there, I've said it.

Well said, Casa Grande.  Very well said. 


BBH

[randell]

Gas prices may be high, but if you need to rent a bigger vehicle, it is a great time to rent!